MIE Holdings solicits consents for 6 7/8% notes, 7˝% notes

New York, Oct. 27 – MIE Holdings Corp. said it is seeking consents to amend its $200 million of 6 7/8% senior notes due 2018 and $476 million of 7˝% senior notes due 2019.

The company wishes to modify the provisions in the note indenture regarding permitted investments and net cash proceeds from asset sales.

By changing the terms of the note indenture, MIE hopes to gain additional flexibility to take advantage of what it says is market dislocation caused by continuing volatility in the oil and gas industry.

Possible actions include opportunistic acquisitions and optimizing the company’s capital structure, according to an announcement.

MIE needs consents from holders of a majority of each series of notes to make the changes.

A consent fee of $2.50 per $1,000 principal amount is on offer.

The solicitation ends at 11 a.m. ET on Nov. 9 for the 6 7/8% notes and at 5 p.m. ET on Nov. 9 for the 7˝% notes.

Morgan Stanley & Co. International plc (+852 3963 0371, 800 624-1808, 212 761-1057 or +44 20 7677 0473) and Nomura International (Hong Kong) Ltd. (+852 2536 7056, +44 20 7103 6597 or liability.management@nomura.com) are solicitation agents. D.F. King (+44 20 7920 9700, +852 3953 7230 or 877

297-1744) is information and tabulation agent.

MIE is a Hong Kong-based oil and gas company operating in China, Kazakhstan and the United States.

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